USA Today: Retirement is Changing as Corporate Pensions Go ‘Extinct’

As pension plans at private companies become continuously rarer and the condition of existing corporate pension plans continues to worsen, the nature of retirement in America is being forced to go through a period of change. This is according to a story in USA Today by business trends reporter Nathan Bomey, and a report by […]

Origins: Loren Riddick on Shifting from Forward into Reverse Mortgages

People in the reverse mortgage industry often hear stories about how clients or potential borrowers had their minds changed about getting a Home Equity Conversion Mortgage (HECM), or something like it, after simply taking the time to learn more about it. Over the course of previous editions of RMD’s “Origins” series, where we chart the […]

Low Interest Rates Continue Fueling HMBS Production in November

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) totaled approximately $732 million in November as lower interest rates continue to strengthen new production, with the total issuance figure rising $90 million higher than the one observed in October’s data. This is according to publicly available Ginnie Mae data and private sources compiled by […]

How Compliance Issues Could Impact Reverse Mortgages in 2020

In terms of regulations that govern the reverse mortgage industry and possible outcomes for such matters in 2020, distractions being experienced by Congress, White House proposals for federal regulations and the continuing presence of possible Consumer Financial Protection Bureau (CFPB) enforcement actions could make for an eventful year in terms of actions related to regulatory […]

SEC Case Against Live Well CEO Suspended Pending Criminal Case

After Michael Hild successfully requested additional time to respond to civil charges levied against him by the Securities and Exchange Commission (SEC) last month, the federal government has intervened in that civil lawsuit filed against the former Live Well Financial CEO. This is due to the concurrent criminal case filed against him and his former […]

3 Tips on How Reverse Mortgage Originators Can Approach Financial Planners

Making solid connections with Certified Financial Planners (CFPs) is becoming increasingly important for a growing number of reverse mortgage originators, due to the ability of financial planners to serve as reliable referral partners in finding new clients that can potentially become borrowers. While some originators don’t necessarily see the total value of appealing to CFPs […]

Home Equity Investment Company Hometap Raises $100 Million

Boston-based alternative home equity tapping company Hometap announced Wednesday that it has secured $100 million in new financing. The capital raise includes new San Francisco-based investor ICONIQ Capital, LLC as well as Hometap’s current investors General Catalyst, G20, Pillar and American Family Ventures, the venture arm of AmFam Insurance. “We are thrilled to be investing […]

Originators: Top 3 Traits for Selling Reverse Mortgages

Confidence, honesty and the strength of personal branding can be pivotal components for those who work to sell reverse mortgage loans every day, and these three elements have been key for the success of originators in different parts of the country. This is according to a panel discussion of reverse mortgage sales professionals that took […]

Senate Banking Committee Approves Montgomery Nomination for Deputy HUD Secretary

The Senate Banking Committee on Tuesday officially approved the nomination of Brian D. Montgomery, the current FHA Commissioner and Acting Deputy Secretary of the Department of Housing and Urban Development (HUD) to the full-time Deputy HUD Secretary position, RMD has learned. Montgomery, who was officially nominated for the position in October, has served the role […]

RMD Announces Launch of New Conference, HEQ

UPDATE: To ensure the health and safety of all attendees, HEQ — which was originally scheduled for June 18 in Chicago — will now be held September 1 and 2 in a digital format. See the original, archived event announcement below. Reverse Mortgage Daily (RMD) is pleased to announce a first-ever event of its kind: […]